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Monetary policy glossary

General Council of the ECB

One of the decision-making bodies of the ECB. It comprises the President and the Vice-President of the ECB and the governors of the national central banks of all EU Member States. See also Executive Board, Governing Council

Governing Council

The supreme decision-making body of the ECB. It comprises the President and the Vice-President of the ECB plus the other members of the Executive Board and the governors of the national central banks of those EU Member States whose currency is the euro. See also Executive Board, General Council of the ECB

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